Sensex's slowest 1,000-point march in recent times as it crawls to 53,000

Topics BSE | Sensex | Indian markets

(Photo: Bloomberg)
The benchmark Sensex on Tuesday crossed the 53,000-mark for the first time. The index touched a high of 53,057 before settling at 52,589. The latest 1,000-point up move has been the slowest in the previous 10.

The 30-share index had first breached the 52,000-mark February 15, 2021. But dropped over 9 per cent to below 48,000 after that due to the selloff triggered by the lethal second-wave of covid 19 infections.

As a result, the journey from 52,000 to 53,000 has taken 85 days. The previous 1,000-point up move from 51,000 to 52,000 took just six trading sessions in February amid a global risk on rally following the inauguration of Joe Biden as the 46th president of the United States.

Sensex’s journey from 42,000 to 43,000 had taken 205 days as the index had plummeted to below 26,000 due to the sharp selloff triggered by the covid-19 outbreak in March 2020.


Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel